Alexandria Real Estate Equities Inc (ARE) Files Form 4 Insider Selling : Thomas J Andrews Sells 10,000 Shares

Alexandria Real Estate Equities Inc (ARE): Thomas J Andrews , EVP – Regional Market Director of Alexandria Real Estate Equities Inc sold 10,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $110.75 per share for a total value of $1,107,450.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Thomas J Andrews (EVP – Regional Market Director) sold 5,000 shares at $112.02 per share price.On Aug 31, 2016, Peter M Moglia (Chief Investment Officer) sold 8,000 shares at $109.89 per share price.Also, On Aug 15, 2016, Daniel J Ryan (EVP – Regional Market Director) sold 7,000 shares at $110.31 per share price.On Aug 11, 2016, Stephen Richardson (Chief Operating Officer) sold 10,000 shares at $111.79 per share price.

Alexandria Real Estate Equities Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Alexandria Real Estate Equities Inc which led to swings in the share price. The shares opened for trading at $111.36 and hit $113.17 on the upside , eventually ending the session at $113.03, with a gain of 2.42% or 2.67 points. The heightened volatility saw the trading volume jump to 4,17,692 shares. The 52-week high of the share price is $114.62 and the company has a market cap of $8,813 M . The 52-week low of the share price is at $70.69.

Alexandria Real Estate Equities Inc Money Flow Index Chart

On Sep 16, 2016, Alexandria Real Estate Equities Inc announced a cash dividend of $0.8000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.

Company has been under the radar of several Street Analysts.Alexandria Real Estate Equities Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $105 .The Rating was issued on Aug 4, 2016.Alexandria Real Estate Equities Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 125 from a previous price target of $113 .The Rating was issued on Aug 4, 2016.Alexandria Real Estate Equities Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 113 from a previous price target of $110 .The Rating was issued on Jul 8, 2016.

Alexandria Real Estate Equities Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada as well as eight operating properties one development project and several land parcels in Asia. As of December 31 2014 the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31 2014 the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Company’s portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola and Alexandria Technology Center-Gaithersburg I among others.

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Alexandria Real Estate Equities Inc - Is it time to Sell?

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